Key information

MSc Risk Management and Financial Engineering at Imperial College Business School

Overview

Our Master’s degree in Risk Management is a one-year course, providing technically-minded graduates with an analytical study of risk management and financial engineering.

The course is run by Imperial College Business School and equips our students with the cutting-edge risk management tools and strategies utilised by world-leading financial firms.

You will learn how to put the latest academic thinking and business strategies into practice from leading practitioners and world class faculty, giving you a thorough and hands-on understanding of risk management.

Study programme

The course begins with core modules in the autumn term that continue into the spring term.

You also complete a number of online interactive primer modules that you must pass but which do not contribute to your final grade. These foundation modules introduce you to the modern tools of finance.

In the spring term, you choose a number of elective modules as well as choosing between two different types of projects. The individual Applied Project comprises of a 3,000-word report and a short presentation and the individual Research Project involves an original piece of work of around 10,000 words. You carry out your chosen project over the summer term. Students who complete a Research Project are required to take one less elective.

Careers

Our graduates are well prepared for jobs in a wide range of industries in the UK, Europe and further afield, with employers including Barclays, RBS and Prudential.

Professional accreditation

We are among a handful of business schools worldwide to achieve triple accreditation:

Structure

Modules shown are for the current academic year and are subject to change depending on your year of entry.

Please note that the curriculum of this course is currently being reviewed as part of a College-wide process to introduce a standardised modular structure. As a result, the content and assessment structures of this course may change for your year of entry. We therefore recommend that you check this course page before finalising your application and after submitting it as we will aim to update this page as soon as any changes are ratified by the College.

Find out more about the limited circumstances in which we may need to make changes to or in relation to our courses, the type of changes we may make and how we will tell you about changes we have made.

Structure

Core modules

Accounting Primer

Applications of R for Finance

Data Structures and Algorithms using Python

Empirical Finance: Methods and Applications

Ethics and Professional Standards in Finance

Financial Engineering

Financial Modelling

Financial Statistics

Finance Careers Primer

Investments and Portfolio Management

Markets and Securities

Risk Management and Valuation

Stochastic Calculus for Finance

The Finance Industry

VBA

Non-assessed modules

Career and Professional Development

Induction

Introduction to Finance

Introduction to Mathematics

Plagiarism Awareness Module

Study Skills

Optional modules

Advanced Financial Statistics

Advanced Options Theory

Applied Trading Strategies

Asset Allocation and Investment Strategies

Banks, Regulation and Monetary Policy

Big Data in Finance

Computational Finance with C++

Credit Risk

Enterprise Risk Management

Financial Crises and Regulation

Fixed Income Securities

Insurance

International Finance

Introduction to Algorithmic Trading (International Elective)

Macroeconomics and Finance for Practitioners (International Elective)

Private Equity and Venture Capital

Structured Credit and Equity Products

Topics in Corporate Finance

Topics in Fintech Innovation

Wealth Management and Alternative Investments

Project

Applied Project

Applied Project (Work Based)

Research Project

Teaching and assessment

Teaching methods

Case studies

Equipment/technique demonstrations (e.g. Bloomberg, Datastream)

Formal presentations

Group work exercises

interactive content including video and module quizzes

Lectures

On-line discussion forums

On-line lecture materials

Practical classes

Pre-programme on-line modules

Seminars

Work Placement Opportunity

Workshops

Assessment methods

Case Studies

Continuous assessments

Essays

Formal Presentations

Multiple Choice Tests

Participation

Reports

Written Examinations/Tests

Entry requirements

We welcome students from all over the world and consider all applicants on an individual basis.

For advice on the requirements for the qualifications listed here please contact the Department (details at the bottom of this page).

Entry requirements

Minimum academic requirement

Our minimum requirement is a 2.1 degree in a highly quantitative subject.

You are also required to have a well-researched career plan with clear short and long term goals.

International qualifications

The academic requirement above is for applicants who hold or who are working towards a UK qualification.

We also accept a wide variety of international qualifications. For guidance see our Country Index though please note that the standards listed here are the minimum for entry to the College. There is further detail available from the Business School website.

If you have any questions about admissions and the standard required for the qualification you hold or are currently studying then please contact the relevant admissions team.

English language requirement (all applicants)

All candidates must demonstrate a minimum level of English language proficiency for admission to the College.

For admission to this course, you must achieve the higher College requirement in the appropriate English language qualification. For details of the minimum grades required to achieve this requirement, please see the English language requirements for postgraduate applicants.

Tuition fees

Tuition fees (Home and EU students)

2019 entry

£34,500 per year

Fees are charged by year of entry to the College and not year of study.

Except where otherwise indicated, the fees for students on courses lasting more than one year will increase annually by an amount linked to inflation, including for part-time students on modular programmes. The measure of inflation used will be the Retail Price Index (RPI) value in the April of the calendar year in which the academic session starts e.g. the RPI value in April 2019 will apply to fees for the academic year 2019–2020.

Tuition fees (Overseas and Islands students)

2019 entry

£34,500 per year

Fees are charged by year of entry to the College and not year of study.

Except where otherwise indicated, the fees for students on courses lasting more than one year will increase annually by an amount linked to inflation, including for part-time students on modular programmes. The measure of inflation used will be the Retail Price Index (RPI) value in the April of the calendar year in which the academic session starts e.g. the RPI value in April 2019 will apply to fees for the academic year 2019–2020.

Postgraduate Master's loan

If you are a Home or EU student who meets certain criteria, you may be able to apply for a Postgraduate Master’s Loan of up to £10,906 from the UK government. The loan is not means-tested, and you can choose whether to put it towards your tuition fees or living costs.

Scholarships

We offer a range of scholarships for postgraduate students to support you through your studies. Try our scholarships search tool to see what you might be eligible for.

There are a number of external organisations also offer awards for Imperial students, find out more about non-Imperial scholarships.

Accommodation and living costs

Living costs, including accommodation, are not included in your tuition fees.